An increase in the supply of a good will cause

an increase in equilibrium price and quantity

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a decrease in equilibrium price and quantity

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an increase in equilibrium price and a decrease in equilibrium quantity

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a decrease in equilibrium price and an increase in equilibrium quantity

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Solution

The correct option is D
a decrease in equilibrium price and an increase in equilibrium quantity

An increase in the supply of a good will cause a decrease in equilibrium price and an increase in equilibrium quantity.

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Similar questions

An increase in demand leads to a decrease in both the equilibrium price and the equilibrium quantity. A decrease in demand leads to a rise in both the equilibrium price and the equilibrium quantity.

Q. Supply being perfectly inelastic, what will be the effect of increase or decrease in demand on price and equilibrium quantity?

Q. When the demand decreases and the supply increases, the equilibrium price and the equilibrium quantity .

Explain the effects of ‘increase’ in supply of a good on its equilibrium and equilibrium quantity. Use diagram.

Explain the effects of ‘increase’ in supply of a good on its equilibrium price and equilibrium quantity with the help of a schedule.

Q. An increase in demand while supply remains unchanged causes equilibrium price and quantity to ________.

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An increase in the supply of a good will cause

The correct option is D a decrease in equilibrium price and an increase in equilibrium quantity An increase in the supply of a good will cause a decrease in equilibrium price and an increase in equilibrium quantity.

The correct option is D
a decrease in equilibrium price and an increase in equilibrium quantity

An increase in the supply of a good will cause a decrease in equilibrium price and an increase in equilibrium quantity.